In 3 AAC 26.875 - 3 AAC 26.899,

1. (1) "convenience fee" means a fee

   1. (A) charged by a third-party vendor or payment processor; and
   2. (B) associated with a premium payment transaction;
2. (2) "payment plan" means an arrangement or plan by which an insurer offers its policyholders an alternative to advance payment of the entire premium;
3. (3) "payment method" means the way in which a policyholder pays the policyholder's premium, including electronic fund transfers, automated clearing house (ACH) transactions, direct billing, cash, checks, a credit, charge, or debit card, or a third-party payment processor;
4. (4) "premium payment transaction" means a payment made in consideration for insurance, including a payment related to acquiring, issuing, maintaining, modifying, servicing, or reinstating a policy;

5. (5) "rate" and "rate filing" includes

   1. (A) a loss cost adjustment; and
   2. (B) a loss cost adjustment filing.

(Eff. 12/20/2020, Register 236)

Authority: AS 21.06.090